Analysts believe the gradual unlocking of the nation would lead to positive sales from Q3FY21, supported by improving sales from the general merchandise and apparel category
Margin trajectory, however, depends on festival season discounts, share of general merchandise
Ebitda margin contracted 240 basis points to 6.2 per cent in Q2FY21 from 8.6 per cent in the year-ago quarter
Converts outlets into online fulfillment centres; experts say firm had been quietly stitching up a strategy to boost e-commerce operations, push its value proposition aggressively among consumers
ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore in Reliance Retail for 8.48 per cent stake
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's upcoming retail behemoth
With RIL's retail arm, Reliance Retail, sealing its first stake sale deal with Silver Lake, analysts see the sector consolidating yet growing going forward
With the combined entity more than twice its size in grocery, pricing pressures could hit profitability
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Cost efficiency provides DMart an edge, but competitive intensity is rising and stock valuations are expensive
Cost efficiency provides DMart an edge, but competitive intensity is growing
Lower sales of discretionary products to weigh on profitability
The quarter, which was nearly washed-out due to the nationwide lockdown imposed to stem the spread of coronavirus, saw the company's profit after tax margin sliding to 1%, compared to 5.5% in Q1FY20
Damani, the owner of Avenue Supermarts, has informally reached out to the cement manufacturer's controlling shareholder
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Despite the lockdown its March quarter performance was better than expected
Net profit margin at 4.6% in the March quarter was in line with the number reported a year ago (4%)
At close of trade, the company's market capitalisation stood at Rs 1,58,902.37 crore on the BSE.
Billion-dollar deals aplenty for right business
Educated in Mumbai, where his father worked on Dalal Street, Damani dropped out of college after studying commerce for a year.